Description: Enterprise Risk Management incorporates integrated risk management due to the fact that the majority of company failures result from multiple correlated causes. Sites findings from Mercer study

Description: An opinion about the consolidation of actuarial organizations.

Description: The hot days of summer are upon us and, with it, the inevitable reference to the dog days of August. All over North America this year, summer began early with heat waves, heat alerts, smog alerts and hurricane and tornado warnings. Admittedly, this is not very encouraging news for our society which is concerned with preservation of life, quality of life and conservation of property. Accordingly, it is a challenge for our profession that prides itself on its ability to accurately calculate the financial impact of natural or catastrophic events on society at large. The Actuary Magazine August 2005

Description: This is an article by outgoing Society of Actuaries President, Bruce D. Schobel, reflecting on the Society's accomplishments over the past year and looking ahead at its future plans.

Description: The Brazilian market is presently the largest life market in Latin America, so the recent news regarding the abolishment of the reinsurance monopoly there will certainly place Brazil on the radar screens of all major life reinsurers. The article describes the impact on the Brazilian lfe insurance market and the international reinsurance market.

Description: Discusses the influences that foreign economies have on the U.S. economy and the risks that those influences create for the U.S. life insurance industry.

Description: This is an interview with Shane Chalke, FSA, MAAA, who has started three businesses since 1983. Chalke, the youngest person ever to be elected to the SOA Board of Governors, has a knack for making the right business decisions. He tells how his actuarial background has played a role in his success, and what makes him a winner.

Description: Discussion of developments with regards to addressing major medical care needs since 1959, including the passage of Medicare.

Description: Presents a summary of the results of the Economic Assumptions Guidance Task Force survey regarding use of economic assumptions in insurance modeling.

Description: This article examines employee stock option ESO cost accounting, the characteristics of ESO schemes, the requirements and recommendation of FAS 123R and SAB 107. It also explains why the lattice model is probably the best approach to measuring the cost of stock option grants.